Houston oilfield service giant Halliburton closed two service centers in Texas and laid off another 240 employees in Oklahoma as record low oil prices continue to cut demand for the company's products and services.
In response to reduced customer activity, the company is closing its Elmendorf facility off Loop 1604 in San Antonio and relocating operations to various field camps throughout the Eagle Ford Shale of South Texas.
The company is also closing its East Texas service center in Kilgore and relocating operations to its field office in Bossier City, Louisiana to better serve Haynesville Shale customers in both states.
Layoff numbers at the two Texas locations were not immediately available but a public filing with the Oklahoma Office of Workforce Development shows that Halliburton laid off 240 employees at a service center in Duncan, Oklahoma on Tuesday. The company previously laid off 350 employees from the same location three weeks earlier.
Halliburton Layoffs
Houston oilfield service giant has laid off nearly 1,500 employees in April, filings with state officials show.
Date Location Layoffs
April 6 Odessa, Texas 234
April 6 Brownfield, Texas 41
April 6 Duncan, Oklahoma 350
April 7 Elmemdorf, Texas 384
April 13 Fort Lupton, Colorado 130
April 14 Broussard, Louisiana 36
April 15 Pocasset, Oklahoma 33
April 20 Monahans, Texas 15
April 29 Duncan, Oklahoma 240
Total 1,463
The facility closures and layoffs come at a time when shutdowns related to the coronavirus pandemic have created a global supply glut of crude oil and a historic industry downturn that continues to cause billions of dollars of losses and budget cuts for companies across several sectors.
Halliburton posted a $1 billion loss during the first quarter where also reported laying off 5,000 people.
Cutting its budget and tightening its belt even further to survive grim market conditions, the company has laid off another 1,500 people from Texas, Oklahoma, Colorado and Louisiana in April.
"We recognize that this decision will be a hardship for impacted employees, but unfortunately, this was a necessary decision to right size our organization to current market conditions," Halliburton spokeswoman Emily Mir said in a statement.